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1. What is the principle of subrogation? (1 pt) 2. What is the difference between misrepresentation and concealment, and when can either void a policy?

1. What is the principle of subrogation? (1 pt)

2. What is the difference between misrepresentation and concealment, and when can either void a policy? (2 pts)

3. An agents ability to represent the principle (insurance company) is described through three types of authority; briefly describe each type. (2 pts)

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